Rising costs and new federal regulations are adding new cost pressures to what was already an expensive process.
with $4.6 billion in cash, down from $5.4 billion at the end of March. That's enough to last"well into 2023," CFO Sherry House said earlier this month.
Murphy has a"buy" rating on Lucid's stock and a price target of $30. He's compared the startup's potential future profitability to that of luxury sports-car maker Ferrari. Lucid currently trades for about $16 per share.People gather and take pictures after the Fisker Ocean all-electric SUV was revealed at Manhattan Beach Pier on November 16, 2021 in Manhattan Beach, California.isn't planning to build its own factory to construct its electric vehicles.
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